Comparing Medicare Supplement Insurance Plans in Illinois

About Medicare Supplement Insurance Plans in Illinois

For Medicare Supplement Plans Illinois, there are several choices, but what is the best Medicare Supplement Plan in Illinois?  The answer to that question is “It depends”.  I know that is not exactly what you are looking for but please keep reading for a full explanation or call us anytime at 844-528-8688 for a personal consultation on what Medicare Supplement Plan in Illinois fits you the best.

No matter where you live in Illinois when you enter Medicare, you need Medicare supplemental coverage that fits your lifestyle and budget. Medicare Supplement Plans Illinois are readily available without any clinical underwriting throughout your open enrollment period.  See our Medicare Supplement Guide for information on entering into Medicare.

If you are new to Medicare please keep reading down the page for important information. If you already have an Illinois Medicare supplement plan and you are looking to change click HERE

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Medicare Supplement Plans Under Age 65 in Illinois

Currently, there are many states that require insurance companies that offer Medicare Supplement Plans to seniors to also offer at least one plan to disabled individuals under age 65.

Illinois is one of those states. Disabled individuals who have qualified for and enrolled in Medicare can also enroll in a Medicare Supplement plan. If enrollment is done during the Open Enrollment Period, you will have guaranteed issue rights and will not be charged higher rates or denied coverage because of your disability.

First Things First, You Need Medicare

To be eligible for an Illinois Medicare Supplement Plan, you need to have Medicare Parts A and B.

Enrolling into Medicare Illinois

There are two different scenarios when it comes to your Medicare Enrollment, to find out what you need to do to enroll in Medicare, see below to find which fits your situation.

Changing Medicare Supplement Plans in Illinois

Changing Medicare supplement plans is a different process than signing up during your Medicare supplement open enrollment period.  If you are changing your Illinois Medicare supplement plan, you will most likely go through an underwriting process and there is a possibility that you could be turned down.

Unlike the open enrollment period, where they can not ask any health questions or deny you for any reason, you will be asked questions on your medical history and prescription drug history.  These questions vary slightly from company to company and there are some standard issues that all companies use as “knockouts”. 

If you have some nagging health issues or have had some major issues in the past, it is best to give us a call at 844-528-8688 to discuss your situation.  One of the reasons we carry so many Medicare supplement companies is just for the underwriting differences.  We are experts at finding the right Illinois Medicare supplement plan for your situation.

New in 2022 Illinois Birthday Rule for Medigap Plans

Starting January 01 of 2022, Medicare supplement users that are between the ages of 65 – 75 can now change their Medigap plan with no underwriting. This special enrollment period lasts for 45 days starting on their date of birth. People can choose a new Medicare supplement plan that offers equal to or lesser benefits of their current Plan with the same Medicare supplement company and cannot be denied coverage due to medical underwriting.

Finding Your Illinois Medicare Supplement Plan

Now it is time to find the best Illinois Medicare Supplement Plan for you.  While rates for Medicare Supplement Plans Illinois are a very important consideration, you need to also look at the company and the rate increase history.  What might be the absolute cheapest monthly premium now, could end up very costly down the road.

Medicare Supplement Companies tend to come into an area with a very low “introduction price” in essence they are buying new business.  After they start building the book of business they will raise the rates significantly to cover the losses.  This is just one of the reasons we at Medicare Solutions Team carry over twenty Medicare Supplement Plans Illinois providers.

Medicare Supplement Plans, sometimes called Medigap Plans are set and standardized by CMS (Medicare).  They offer 10 plans but the three most popular are Plan F, Plan G, and Plan N.

Our recommendation is to concentrate on Medicare supplement plans N and G.

Illinois Medicare Supplement Plan F

The Plan F Medicare Supplement Plan Illinois, simply put, covers everything.  On the face that seems like a great idea, but there are a few reasons why.

1. It is the most expensive Plan on the Market
2. It has the highest rate increases of all the Medicare Supplement Plans
3. The Medicare Supplement Plan F will no longer be available to new enrollment as of 2020.

**The Medicare Supplement Plan F High deductible plan will not be changed in 2020.

Illinois Medicare Supplement Plan G

The Medicare Supplement Plan Illinois that offers the most coverage for the lowest premium is the Medigap Plan G.  The Medicare Supplement Plan G offers the exact same benefits of Plan F except that you will pay the Part B deductible.  The Part B deductible is set by Medicare and can change, but at this time it is $233.00 per year. 

The Illinois Medicare Supplement Plan G is normally $300.00 to $400.00 per year less in premium than the Plan F and historically has much lower rate increases.  

Once the Part B deductible ($233.00 for 2022) is paid, your benefits will be identical to the Medicare Supplement Plan F.  Why would anyone want to pay an insurance company $300.00 to $400.00 a year more just to pay a $233.00 deductible.

Illinois Medicare Supplement Plan N

Medicare Supplement Plan N is one of the lowest cost Medicare Supplement Plans, but you will take on a little more risk and out-of-pocket costs.  With a Medigap Plan N, you will have a copay of $20.00 for the doctor visits and $50.00 for an emergency room visit.

Paying a copay is something that most people are used to, and does add some cost if and when you go to the doctor, but there is another fact of the Plan N that you need to be aware of.

Plan N does not cover Medicare Part B excess charges, now this could be a big deal or nothing at all.  If a doctor accepts Medicare but is not assigned by Medicare he can legally charge you 15% over the Medicare approved amount.  You would then be responsible for that extra cost.

Now the excess charges could end up not being a problem at all, in fact there are some states that do not allow the excess charges, sadly Illinois is not one of them.  As of the last report, approximately 93% of doctors across the United States accept Medicare Assignment and if you do your due diligence when looking for a doctor or having a procedure done, it should not be a problem.

For complete details on Medicare Supplement Plans Illinois, you can reach us by email on our contact us page or by calling 844-528-8688.  Remember there is never a fee for our services.

Frequently Asked Questions